Benefits of AI Tools in Hiring
June 28, 2022 by Navjot Kaur
A career in recruitment is the essence of finding a needle in a haystack. While there are plenty of reasons why this is true, a few include increased employee demand in particular segments, a company’s economic stats going haywire and a surplus of candidates hunting for the same job.
Lately, numerous talent acquisition professionals are reaping the benefits of AI-driven technologies. In fact, automated resume screening software has become an integral part of many recruiting systems globally.
According to the data from Predictive Hire, nearly 55% of companies are investing in recruitment automation and believe that it’ll enhance efficiency and enable data-driven judgments. For instance, a resume parser, a technology I work with extensively, helps screen resumes and extract candidate data. For the recruiters who are still in limbo about whether or not to go for augmented AI, I’ve lined up a few benefits that can be helpful as well as some best practices.
Carrying a passion for bringing innovative solutions to the HR Tech industry, I spend most of my time with enterprises, mentors and thought leaders to understand bottlenecks in the recruitment process. That’s why I understand how error-prone recruitment can be.
Understanding the vital role automation plays in the HR industry and how well it caters to the challenges, there are certain solutions that can make these automated tools more affordable and accurate.
Recruiters are quite busy. Hence, the more the otherwise complicated tasks become automated, the better their productivity. AI-driven recruitment tools, for instance, help HR leaders fill open positions speedily by auto-filling and populating the resume data fields. This saves a lot of their valuable time.
A study released by the economists at the University of Chicago and the University of California, Berkeley points to the rising discrimination among the teams in the large U.S.-based companies. Most recruiters have integrated resume parsers in their technology stack to negate biases while hiring. This has helped them infiltrate their workforce with diversity instead of homogeneity.
Ensuring Your Tool Helps In Unbiased Hiring
blind resume screening is led by automation in the backend. The parser, for instance, helps the hiring manager select essential fields over the non-essential ones, which further improves the quality of hires and leads to less bias.
An Improved Candidate Experience
A positive candidate experience is not just a cliché; the comfort and ease in applying to a job matter almost as much as the after-process, including interviewing and hiring.
Encouraging An Enhanced Candidate Experience
Recruitment has become a two-way road where candidates’ expectations are often just as important as that of the recruiters’. Automating the recruitment process not just helps the candidates upload their resumes in a single click, but they can also expect to be called for the next round within a day.
A candidate judges the company the moment they apply for the job. The single-click application functionality in the parser indeed speeds up the process.
Automation can never replace human intelligence. But, there’s also no arguing that the accuracy and dexterity it brings to the process are unmatched. When synchronized with automation, augmentation only makes the talent search more efficient. Make sure to properly set up and utilize the tools available to you for optimal success.
Digital Source: Forbes